LEM (LEHN) Q1 2027 earnings summary

Executive summary

• Achieved double-digit sales growth in Q1 2026/27, driven by strong demand in data center-related sectors and robust bookings momentum.

• Bookings rose 17.4% year-over-year to CHF 104.6 million, with a book-to-bill ratio of 1.23.

• Sales increased 12.4% year-over-year to CHF 85.1 million, with Automation and Energy Distribution & High Precision as key growth drivers.

• Operational excellence and strategic pricing initiatives supported margin expansion and profitability.

Financial highlights

• Sales: CHF 85.1 million, up 12.4% year-over-year; at constant exchange rates, up 14.3%.

• Gross profit: CHF 34.0 million, up 17.4%; gross margin improved to 40.0% from 38.2%.

• EBIT: CHF 12.4 million, up 198.0% year-over-year; EBIT margin expanded to 14.6% from 5.5%.

• Net profit: CHF 9.1 million, up 356.9% year-over-year; net profit margin rose to 10.7% from 2.6%.

• SG&A expenses decreased by 6.0%, reducing the SG&A ratio to 17.9% of sales.

Outlook and guidance

• Sequential improvement in bookings expected, driven by data center-related demand in Automation and Energy Distribution & High Precision.

• Cautious stance maintained due to uncertain global macroeconomic environment.

• Mid-term financial ambitions reconfirmed.